Elementis (LON:ELM) Stock Crosses Below 200 Day Moving Average – What’s Next?

Shares of Elementis plc (LON:ELM) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 158.01 and traded as low as GBX 156.80. Elementis shares last traded at GBX 158.50, with a volume of 659,352 shares traded.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 210 target price on shares of Elementis in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 200 price target on shares of Elementis in a research note on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 200.

Elementis Stock Up 1.4%

The company has a quick ratio of 1.16, a current ratio of 1.90 and a debt-to-equity ratio of 39.85. The stock has a market cap of £882.66 million, a P/E ratio of -19.83, a P/E/G ratio of 3.05 and a beta of 0.92. The company’s 50 day moving average price is GBX 151.72 and its two-hundred day moving average price is GBX 157.83.

Elementis declared that its board has approved a stock repurchase program on Wednesday, June 3rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

About Elementis

Elementis is a global specialty chemicals company. We offer performance-driven additives that help create innovative formulations for consumer and industrial applications. As a FTSE 250 company, listed on the London Stock Exchange, we employ c.1,030 people globally. We have a nearly 200-year tradition of creating ingredients that add value to everyday consumer and industrial products. In 2024 Elementis reported revenue of $738m and adjusted operating profit of $129m.